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$372 Million Outflows Hit Bitcoin ETFs – What’s Driving the Panic?

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#KunalMehta , alias ‘Shrek’, pleads guilty to laundering $263 million in cryptocurrency November 19, 2025 – California resident Kunal Mehta, known by aliases including ‘Shrek’, has pleaded guilty to laundering millions of dollars in stolen cryptocurrency through a nationwide criminal network. Mehta admitted to playing a key role in a conspiracy that funneled at least $25 million in crypto proceeds, ultimately helping launder a total of $263 million from a major Bitcoin theft. The scheme, which involved social engineering tactics to steal digital currencies, began as early as October 2023. Mehta and his co-conspirators operated through online gaming communities, targeting victims through fraudulent messages that tricked them into surrendering their cryptocurrency. The group then used shell companies, crypto-to-cash services, and a web of transactions to obscure the stolen funds' origin. Mehta’s involvement grew after establishing multiple shell companies to conceal the flow of funds. The laundered assets were then funneled into luxury purchases, including exotic cars, high-end fashion, and private jet charters. Prosecutors estimate that the gang acquired 28 vehicles worth between $100,000 and $3.8 million each, along with luxury items like designer handbags and watches. One of the largest thefts occurred in August 2024, when Mehta's associates manipulated a victim into surrendering access to a wallet containing over 4,100 Bitcoins, valued at $263 million at the time. The funds have since appreciated in value to over $384 million. Mehta is the eighth defendant to plead guilty in this case, with federal prosecutors stressing the importance of vigilance against unsolicited messages requesting sensitive information. This case highlights the growing threat of cryptocurrency-related crime, as authorities continue to track the illegal activities of digital asset thieves and money launderers. #BTC90kBreakingPoint #USStocksForecast2026 #StrategyBTCPurchase #CASE

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#Google Boss Puts Everyone on Alert About #AI Bubble Bursting Sundar Pichai, the CEO of Alphabet, Google's parent company, has said that if the Artificial Intelligence (AI) bubble bursts, it will affect every tech company, even Google. He said that so much money is being spent on AI that elements of "foolishness" are visible. This is reminiscent of the 2000 dotcom crash. Alphabet's shares have risen 46% this year, but Pichai is warning people not to blindly trust AI tools because they can make mistakes. Money is Pouring into the World of AI in Britain Last September, Alphabet announced that it would spend £5 billion on AI infrastructure and research in Britain. This money will be used to build a new data center and strengthen DeepMind, the AI research lab in London. Pichai stated that the company will also begin training AI models in Britain. Britain's dream is to become the world's third AI power after America and China. AI's Huge Appetite for Electricity and Climate Goals Pichai also shed light on AI's "massive" need for electricity. He admitted that because of the data centers required to run AI, the company's climate goals might be delayed. Tech companies are also issuing bonds for huge amounts to expand data centers. They Are Recalling Gemini AI Google's new AI model, Gemini 3.0, is trying to win back users who had previously switched to ChatGPT. Gemini had earlier faced criticism for giving wrong answers and being involved in controversies. Since May, Google has started an "AI Mode" in its search engine, which makes users feel like they are talking to an expert. Pichai called this "a new era of the AI platform shift." Final Advice: Don't Blindly Trust AI Pichai says that people should not always take AI responses as truth and trust them blindly. AI models can perform well for creative work, but the possibility of error always remains. Therefore, along with these tools, information should also be taken from other sources. #BTC90kBreakingPoint #USStocksForecast2026 #StrategyBTCPurchase

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